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Re: Reverse Mortgage Application...are we qualified?
Posted by  JPH13/MO of MO on 5/21/15 4:40pm Msg #531245
I actually contacted the SoS in MO and also in KS (I am commissioned in both) and asked about handling applications. I was told that if, and only if, all I was doing is making sure the person(s) had signed/did sign and date everywhere needed, that it would "probably" be okay for me to do these. Under no circumstances am I allowed to "help" complete the loan paperwork as that falls under loan origination and I must be licensed for that.

I choose to not get involved in these at all, as I have heard stories where the job was supposed to be just getting signatures and ended up being much more involved, as the forms were not fully completed beforehand. If you do these, make certain that you get in writing that the forms will already be completely filled out. Even then it is a grey area, but you would be far less likely to have it come back to haunt and hurt you.
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Messages in this Thread
 Reverse Mortgage Application...are we qualified? - Luckydog on 5/21/15 3:44pm
 Re: Reverse Mortgage Application...are we qualified? -  Linda_H/FL on 5/21/15 3:58pm
 Re: Reverse Mortgage Application...are we qualified? - Luckydog on 5/21/15 4:02pm
 Re: Reverse Mortgage Application...are we qualified? - goodgirl on 5/21/15 4:03pm
 Re: Reverse Mortgage Application...are we qualified? -  JPH13/MO on 5/21/15 4:40pm
 Way too much to ask for too little money. Anyone involved -  MW/VA on 5/21/15 5:20pm
 Re: Way too much to ask for too little money. Anyone involved - Luckydog on 5/21/15 5:24pm
 Re: Way too much to ask for too little money. Anyone involved -  MonicaFL on 5/21/15 5:36pm
 Re: Way too much to ask for too little money. Anyone involved - Luckydog on 5/21/15 5:56pm
 That has been my experience too!!! n/m - CopperheadVA on 5/21/15 9:33pm
 Re: Way too much to ask for too little money. Anyone involved n/m -  JanetK_CA on 5/21/15 6:00pm
 Sorry for double post - again! -  JanetK_CA on 5/21/15 6:09pm
 Re: Reverse Mortgage Application...are we qualified? -  BrendaTx on 5/21/15 10:44pm
 In a word, no. This is not a service that I provide, because -  Christine/OK on 5/22/15 6:43am
 It's a LO's job. Not ours. Per my LO family member. n/m -  snowflake/PA on 5/22/15 12:11pm
 It is the LO's job, but unfortunately they're not going to -  MW/VA on 5/22/15 1:02pm
 I do same as -  Dorothy Matsel on 5/22/15 6:30pm



 
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